Data as of Oct 28, 2026.

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BOXX vs SGOV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOXX returned +4.0% to SGOV's +3.7%, and SGOV charges 0.09% to BOXX's 0.19%.

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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF.

At a glance
+4.0%
BOXX total return, 1 year
+3.7%
SGOV total return, 1 year
0.19%
BOXX expense ratio
0.09%
SGOV expense ratio

Pair scorecard

SGOV costs 0.10 points a year less; their one-year returns differ by 0.3 points; SGOV is 8.1 times larger.

BOXX vs SGOV: Differences, Returns & Fees
MeasureBOXXSGOV
Return
Total return, 1 year+4.0%+3.7%
Benchmark
What it tracksNo index, actively managedICE 0-3 Month US Treasury Securities Index
Cost and size
Expense ratio0.19%0.09%
Net assets, as of Oct 26, 2026$14.4bn$116.9bn
Holdings
Holdings in commonreport dates differ

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns
BOXX SGOV
Return
Total return edge Tie +18.9% +18.7%
Annualized edge Tie +4.6% +4.6%
Price return edge BOXX +18.6% +0.4%
Risk
Volatility edge SGOV 0.2% 0.1%
Max drawdown edge SGOV −0.1% 0.0%
Risk-adjusted
Sharpe edge BOXX −0.25 −0.77
Sortino edge BOXX −0.35 −1.00
Reading

BOXX and SGOV returned about the same: +18.9% and +18.7%. SGOV swung less: 0.1% to 0.2%. SGOV fell less at its worst: 0.0% to −0.1%.

Full scorecard

8 measures, with how each is measured
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Risk and return: BOXX vs SGOV: Differences, Returns & Fees
MeasureBOXXSGOVEdgeHow it is measured
Return
Total return+18.9%+18.7%TiePrice change plus distributions, reinvested.
Annualized+4.6%+4.6%TieTotal return as a yearly rate.
Price return+18.6%+0.4%BOXXPrice change alone, distributions left out.
Risk
Volatility0.2%0.1%SGOVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.2%0.1%SGOVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.1%0.0%SGOVDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.25−0.77BOXXReturn above Treasury bills per unit of volatility.
Sortino−0.35−1.00BOXXReturn above Treasury bills per unit of downside deviation.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 198 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BOXX Alpha Architect 1-3 Month Box ETF SGOV iShares 0-3 Month Treasury Bond ETF
Where it sits Bond ETF Bond ETF
What it is Actively managed Tracks an index of 0-3 month T-bills
Total return, 1 year +4.0% +3.7%
Expense ratio 0.19% 0.09%
Holdings not counted 22
Net assets, BOXX as of Oct 28, 2026 and SGOV as of Oct 27, 2026 $14.5bn $117.0bn

BOXX and SGOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-EE8F71AA64

BOXX and SGOV are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BOXX follows No index, actively managed and SGOV follows ICE 0-3 Month US Treasury Securities Index.
  2. Cost. BOXX charges 0.19% of assets a year and SGOV 0.09%, a gap of 0.10 points.
  3. Size. BOXX has $14.4bn in net assets and SGOV $116.9bn (net assets, as of Oct 26, 2026); SGOV is 8.1 times larger.

Data as of Oct 28, 2026.

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About each fund
BOXX

BOXX is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.19% a year.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, BOXX or SGOV?
In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and SGOV +3.7%.
Which is cheaper, BOXX or SGOV?
SGOV is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BOXX against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-sgov

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.